Employee Engagement: The Key to Unlocking Your Team’s Potential

EMPLOYEE ENGAGEMENT: THE KEY TO UNLOCKING YOUR TEAM'S POTENTIAL How Five Minutes a Week can change your company forever Most workplaces restrict open communication and honest feedback, whether they realize it or not. Spending even five minutes a week checking in on each employee can change your company forever. Here's how honest feedback is leading to higher employee engagement and improved retention! The Problem Your employees aren't engaged. Here's why: Approximately 30% of those workers are 100 million people engaged & inspired at work. in America hold full-time jobs. 50% are just kind of present, but not inspired by their work or their managers. 20% of those workers are actively disengaged. $450M+ The Cost of Disengaged Workers Reported in America Managers from hell are often responsible for these disengaged workers. %24 $4 Uh oh... Your Employees are Planning to Jump Ship 25% of employees said they will change jobs in 2014. 75% of people who voluntarily leave a job don't quit their jobs. They quit their bosses. 30% of employees are likely to be searching for a new position online while at work. 39% of employers were concerned that they'd lose top talent in 2013. 32% of employers reported that top performers left their organization in 2012. Employee Feedback The Key to Keeping Them but 65% 58% of managers feel they give enough of employees said they wanted more feedback. feedback Surveys have found that praise from an immediate manager is more motivating than cash bonuses. #1! You Gotta Do It The Art & Science of Giving Employee Feedback Employees who receive feedback from their managers 98% of employees who receive Employees who receive little to no feedback from their feedback from their managers managers are disengaged. that focuses on their that focuses on their weaknesses are strengths are 20x more likely 30x more likely to be engaged than those to be engaged than those receiving little to no feedback. receiving weakness-based feedback. 59% of engaged employees say their job brings out their most cre- ative ideas (compared to only 3% of disengaged employees). When organizations successfully engage their employees (and cus- tomers), they experience a 240% boost in performance-related business outcomes. 15Five Sources 15five.com http://businessjournal.gallup.com/content/124214/driving-engagement-focusing-strengths.aspx 15Five is based on a simple idea. Have each employee spend 15 minutes a week writing a report that takes their manager no more than 5 minutes to read. We've taken that idea to the next level by turning reports into conversations, and making it simple for managers to roll up the most important problems, insights, ideas and http://work.com/blog/2011/08/when-it-comes-to-feedback-how-much-is-enough/ http://www.gallup.com/strategicconsulting/163007/state-american-workplace.aspx http://www.slideshare.net/businessandthegeek/human-resources-employee-engagement-statistics http://hbr.org/web/2013/11/workplace-engagement-around-the-world success stories. http://www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx http://www.livemint.com/Companies/r9qsZCHxNOTVI932aP9vGI/Focus-on-employees-strengths-for-retention.html http://www.cnbc.com/id/100926250 %24